The founder of The Beer Dabbler Twin Cities beer festivals is branching out with a new craft beer magazine called The Growler, as well as a beer merchandise store that is set to open in late summer.
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Former M&I Bank executive Jeanne Crain will serve as president and CEO of the Twin Cities region beginning June 18.
Amid anti-trust concerns, the company had proposed selling some of the liquid finishing businesses that it recently acquired from Illinois Tools Works, but the Federal Trade Commission is seeking public comment on a proposed order that would require it to divest all of them.
Shoreview-based Deluxe expects the deal to be “slightly dilutive” to earnings per share for the remainder of the year but to boost 2012 revenue by about $15 million.
On news of an agreement under which the company will be bought by Laboratory Corporation of America Holdings, shares of its stock were trading up 35 percent at $26.66 mid-day Monday.
The new, 11.5-year lease is for 123,882 square feet, roughly half of what the company currently leases—but Piper Jaffray is currently subletting 93,000 square feet of space to other companies, so the space that it actually occupies will shrink by 22,880 square feet.
A Metropolitan Airports Commission spokesman told the Star Tribune that the commission “had a phone conversation with leadership at Pinnacle to express our interest in seeing them move here.”
A New York-based company will operate a St. Paul greenhouse that will grow tomatoes, lettuce, and herbs year-round for local Cub Foods stores.
All-natural sparkling sodas made by St. Louis Park-based Boundary Waters Brands debuted last year and are now available at more than two dozen retailers and restaurants—including Caribou.
Same-store sales were up 4.4 percent this month, representing a more significant jump than the 3.5 percent increase expected by analysts and “at the high end” of the company’s expected range.
In addition to the new London office, the local hedge fund manager now has offices in Minneapolis; Austin, Texas; and Singapore.
The coffeehouse operator plans to increase its total store count by 10 percent to 12 percent in 2012.
Fredrikson & Byron, General Electric Capital Corporation, and the John T. Petters Foundation recently agreed to settle clawback lawsuits filed by bankruptcy trustee Doug Kelley.
Fifty local business leaders will accompany Governor Mark Dayton on his June trade mission to China, which is Minnesota’s second-largest export market.
The airline began service at the Minneapolis-St. Paul International Airport on Thursday and gave away 40 million frequent flyer miles to promote the launch.
The company, which sells various cardiorespiratory diagnostic systems, plans to change its name to MGC Diagnostics Corporation and has signed a letter of intent to sell off its New Leaf health and fitness product line; separately, Angeion reported a net loss of $409,000 on revenue of $6.3 million for the second quarter that ended in April.
The Wayzata resident was an influential figure in Minnesota’s health-care sector and is known for transforming Fairview from a single hospital to a multi-hospital system.
The latest closures and job cuts will occur across Europe and are part of the company’s efforts to streamline its operations in the region and consolidate them with the industrial adhesives business of Forbo Group, which H.B. Fuller recently acquired.